PHOTO: A five bedroom home in Hona Ave, Mt Eden has sold for $4.28 million – 51 percent above CV. Photo credit: Getty.
A property based in the Auckland city suburb of Mt Eden has sold for $1.45 million above capital value (CV).
It comes as a shortage of listings and record-low interest rates have increased buyer demand. The 5-bedroom property is located in Hona Ave and has a current CV of $2.825 million.
Real estate agency Ray White confirmed on Thursday that it sold for $4.280 million – a whopping 51 percent above the CV.
“Going in, we knew we had people around circa $4 million, obviously with a CV of $2.8 million that’s quite a big difference,” Ray White real estate agent Mike Robson said.
The house had a swimming pool and cricket pitch. Photo credit: Supplied/RayWhite.
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